One future quandary may be that as difficult as life is for today's graduates, the situation may be demonstrably worse in 20 years time, and that the 'Lost Generation of 2030' may be vaster and more entrenched than its current poor relation.

The government needs to focus on policies to create confidence - not just for consumers to spend but for businesses to invest. In both cases incentivising this to take place without excessive debt levels once again.